US rates review: Westpac

Quotes from Westpac Research:

- US 10yr treasury yields spiked around noon London time to 2.16% - a six week high - but then returned to 2.11% (little changed from the previous day's NY close) before the FOMC minutes pushed them down to 2.07%. 

- The 2yr yield similarly ranged between 0.65% and 0.69% before slumping to 0.59%.  Fed fund rate futures have shifted the expected hike date from July to August.